Business

Hotel industry likely to clock 45-50 pc of pre-Covid revenues in FY22: Report

PNS

The hotel industry is expected to clock at least 45-50 per cent of pre-Covid revenues in this financial year as demand has recovered sharply post the second wave of the pandemic aided by easing of restrictions during the July-September period, according to a report."The hotel industry is expected to clock at least 45-50 per cent of pre-Covid revenues in FY22. Further operating profits in the current fiscal will be aided by improved operating leverage and sustenance of some of the cost-optimisation measures undertaken last fiscal," Icra Assistant Vice President Vinutaa S said.